Refinancing Troubled Borrowers into Conforming Loans Seen as Best Option
July 3, 2008
Mortgage servicers have been more concerned with loss mitigation than squeezing more profits out of their portfolio, and canny servicers are figuring out how to stem losses in a worsening housing environment. At the Securities Industry and Financial Markets Association’s MBS due diligence conference last week in New York, John Anderson, senior vice president of special servicer Quantum...